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The Latest Breaking News from Lucid Group

Tech companies plan hundreds more Bay Area job cuts as layoffs worsen

NEWARK, Calif. — Streaming titan Roku and electric vehicle maker Lucid Group have sketched out plans for fresh Bay Area job cuts, together adding hundreds of workers to the region’s worsening layoff toll.

Tribune News Service

3 Stocks You Should Sell Now

After the blow of several bank failures in recent weeks, investors are now eyeing the Fed’s policy decision, scheduled to release today. Given fears of an economic downturn, eliminating fundamentally weak stocks Lucid Group (LCID), Robinhood Markets (HOOD), and SNDL Inc. (SNDL) from your watchlist could be wise before the…

StockNews.com

Lucid Hoping To Make 10-14K EVs In 2023, Well Below Expectations

Lucid announced a 2023 production guidance of 10,000-14,000 vehicles, while analysts on average expected a production goal of 21,815 cars for this year.

InsideEVs

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Lucid Notes Record Air Deliveries In Q4 2022

Lucid Group announced today vehicle production and delivery numbers for the fourth quarter and full year 2022, revealing noticeable progress in both cases.

InsideEVs

Lucid Air And Gravity SUV To Be Powered By Panasonic Batteries

Panasonic Energy Co. and Lucid Group today announced they have entered into multi-year EV battery supply agreements "for Lucid's full vehicle line-up"."

InsideEVs

2024 Lucid Gravity SUV Promises More Range Than Any Other EV

Despite boasting up to seven seats, the Lucid Gravity promises more range than any other EV on the market except the Lucid Air sedan.

InsideEVs

Lucid To Open Reservations For Project Gravity SUV In Early 2023

Lucid announced Q3 2022 financial results: its net loss widened to $670 million while revenue increased to $195.5 million on deliveries of 1,398 vehicles.

InsideEVs

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Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

InsideEVs

Lucid Group Sues The State Of Texas Over Direct Sales Ban

In the federal lawsuit, Lucid has accused Texas of acting anti-competitively in forcing companies to sell their products through established dealerships.

InsideEVs

'Lucid' Group Launches 1st Middle East Studio in Saudi Arabia

Lucid Group, setting new standards with the longest-range, fastest-charging electric car on the market, announced the opening of its first Studio in the Middle East in Riyadh. "The launch of our first Studio in the Middle East marks yet another step towards Lucid's mission to inspire the adoption of sustainable…

Asharq Al-Awsat

Here's How Many Vehicles Lucid Group Produced, Delivered In Q3 — And How It Stacks Up To Rival EV Makers

Electric vehicle company Lucid Group Inc (NASDAQ: LCID) reported third-quarter production and delivery figures Wednesday morning. Here’s how the numbers stack up to guidance and rivals.

Benzinga

Lucid Said To Make 40-50 Cars Per Day After Logistics, Exec Overhaul

Two major hurdles that Lucid reportedly faced included logistics constraints and a production line divided into disparate cliques instead of working cohesively.

InsideEVs

Are Lucid Group and Rivian Automotive Finally Worth Buying?

The EV market has faced significant challenges such as high inflation, semiconductor chip shortage, and persisting supply chain disruptions. Moreover, the lack of charging infrastructure will likely pressure the industry’s growth. Therefore, despite losing significantly this year, shares of fundamentally weak EV companies Lucid Group (LCID) and Rivian Automotive (RIVN)…

StockNews.com

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2024 Lucid Air Sapphire Tri-Motor Flagship Debuts With 1,200+ HP

Lucid Air Sapphire will be built in a limited production run from the first half of 2023; reservations open on August 23 and the starting MSRP is $249,900.

InsideEVs

Rivian, Lucid Tell Reservation Holders To Sign Binding Agreements

Rivian and Lucid informed reservation holders that they can enter into binding contracts to make sure they qualify for the full $7,500 tax credit.

InsideEVs

Lucid Hires Two Key Execs To Help It Expand To Europe, Middle East

Lucid Group aims to open new stores in the Netherlands, Norway and Switzerland this year and break ground on its Saudi Arabia plant in the second half of 2022.

Benzinga

Lucid Group Stock Is Surging: What's Driving The Action?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Wednesday in sympathy with Rivian Automotive Inc (NASDAQ: RIVN), which reported second-quarter vehicle production and delivery numbers.

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InsideEVs

You Can Now Lease Or Finance A New Lucid Air Exclusively Online

Lucid Group has announced Lucid Financial Services, a new digital platform developed with Bank of America that offers customers lease and loan purchase options.

Benzinga

Lucid Stock Is Racing Higher: What's Going On?

Lucid Group Inc (NASDAQ: LCID) shares are trading higher Thursday after the company on Wednesday announced plans to set up a new manufacturing facility in Saudi Arabia.

InsideEVs

Lucid Secures $3.4B In Incentives, Funding For Saudi Arabia Plant

Expected to be completed in 2025, the new factory will create 4,500 jobs and increase Lucid's global production capacity to 500,000 EVs when fully operational.

StockNews.com

Nikola vs. Lucid Group: Which EV Stock is a Better Buy on the Dip?

Today I will analyze and compare Nikola (NKLA) and Lucid Group (LCID) to determine which electric vehicle stock is currently a better investment.

Benzinga

Why Lucid Shares Are Sliding Today

Lucid Group Inc (NASDAQ: LCID) shares are trading lower Wednesday alongside several companies in the broader consumer discretionary space amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

Benzinga

What's Going On With Lucid Group Stock?

Lucid Group Inc (NASDAQ: LCID) shares are moving higher in Thursday's after-hours session after the company reported better-than-expected

InsideEVs

Lucid's Design Studio Sees Designers Work Closely With Engineers

The studio's open concept allows designers to work together more easily and interact with employees from different departments to streamline the design process.

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